{"id":777002123,"date":"2023-02-06T14:19:45","date_gmt":"2023-02-06T17:19:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002123"},"modified":"2026-04-23T00:54:59","modified_gmt":"2026-04-23T03:54:59","slug":"macau-economy-to-grow-between-20-5-and-44-1-in-2023-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-economy-to-grow-between-20-5-and-44-1-in-2023-analysts-say","title":{"rendered":"Macau economy to grow between 20.5% and 44.1% in 2023, analysts say"},"content":{"rendered":"\n<p>According to the University of Macau, the government will bring in at least MOP55bn (US$6.7bn) in 2023.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>The University of Macau <\/strong>has predicted that local economy will grow between 20.5 and 44.1 per cent this year, resulting in government revenue of between MOP55bn (US$6.7bn) and MOP66.1bn. The Macroeconomic Forecast for 2023 from the Centre for Macau Studies and the Department of Economics forecasts an increase in service exports of between 35.2 and 82.8 per cent.&nbsp;<\/p>\n\n\n\n<p>Analysts expect a more noticeable economic recovery in the second half of the year, basing their forecasts on three different scenarios.&nbsp;The best scenario predicts<strong> a 67 per cent recovery of 2019 GDP <\/strong>and an 82.8 per cent recovery in exports of services. The researchers also forecast three scenarios regarding visitor arrivals, which are expected to total 10.75 million in the least optimistic scenario. In 2019, Macau received close to 40 million vistors.<\/p>\n\n\n\n<p>During a meeting on government economic policies, chief executive&nbsp;<strong>Ho Iat Seng&nbsp;<\/strong>said that the domestic economy is picking up following three years of Covid-19 restrictions. he cited the 450,000 visitor arrivals during the Chinese New Year holiday as a positive sign.&nbsp;<\/p>\n\n\n\n<p>Macau reported&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-232-6-in-january\" rel=\"noreferrer noopener\">an 82.5 per cent year-on-year increase in gaming revenue<\/a>&nbsp;to MOP 11.6bn last month, marking the first year-on-year increase since February 2022 and the highest monthly revenue since January 2020 when Covid caused economic turmoil.<\/p>\n\n\n\n<p>The&nbsp;<strong>Monetary Authority of Macau&nbsp;<\/strong>(AMCM) has noted that&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gdp-down-33-4-for-q3\" target=\"_blank\">Macau\u2019s GDP fell by 33.4 per cent<\/a>&nbsp;year-on-year in the third quarter of 2022 while the contraction of GGR widened to 70.1 per cent. The leading service exports decreased by 46.7 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the University of Macau, the government will bring in at least MOP55bn (US$6.7bn) in 2023.<\/p>\n","protected":false},"author":176,"featured_media":27875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's economy is projected for significant growth in 2023, with government revenue anticipated to reach MOP55bn-MOP66.1bn, driven by a robust recovery in service exports and visitor arrivals. This follows a period of contraction due to Covid-19, with recent data indicating an 82.5% year-on-year increase in gaming revenue (GGR) for the last month, signaling a critical inflection point for the region's primary economic driver.","focusai_entities":"University of Macau, Centre for Macau Studies, Department of Economics, Ho Iat Seng, Monetary Authority of Macau (AMCM)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), operator_casino (0.98), investor_analyst (0.97), supplier_vendor (0.85), journalist_researcher (0.9), marketing_crm (0.75)","focusai_suggestions":[{"label":"GGR Recovery Sustainability?","query":"What specific policy measures or market dynamics are critical to sustaining Macau's GGR recovery beyond the initial post-COVID surge, particularly concerning VIP segment re-engagement and mass market diversification?"},{"label":"Regulatory Framework Evolution?","query":"How might the projected economic recovery and increased government revenue influence the evolution of Macau's gaming regulatory framework, particularly regarding concessionaire obligations, non-gaming investment, and cross-border capital flows?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777002123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777002123"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002123\/revisions"}],"predecessor-version":[{"id":777002137,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002123\/revisions\/777002137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}